EMCOR Group, Inc. (NYSE:EME) Shares Sold by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC lowered its position in EMCOR Group, Inc. (NYSE:EME) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,636 shares of the construction company’s stock after selling 525 shares during the quarter. EMCOR Group accounts for 3.8% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Hamilton Point Investment Advisors LLC’s holdings in EMCOR Group were worth $21,370,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in EMCOR Group by 34.4% during the second quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company’s stock worth $192,028,000 after buying an additional 134,575 shares during the period. AQR Capital Management LLC boosted its position in EMCOR Group by 27.5% during the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock worth $150,553,000 after purchasing an additional 88,909 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in EMCOR Group by 4.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock valued at $152,427,000 after purchasing an additional 14,447 shares in the last quarter. TimesSquare Capital Management LLC raised its position in EMCOR Group by 3.8% in the third quarter. TimesSquare Capital Management LLC now owns 265,485 shares of the construction company’s stock valued at $114,299,000 after purchasing an additional 9,755 shares during the period. Finally, Renaissance Technologies LLC raised its position in EMCOR Group by 99.2% in the second quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company’s stock valued at $85,246,000 after purchasing an additional 116,300 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

EME has been the subject of a number of recent research reports. Stifel Nicolaus began coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday. They issued a “sell” rating and a $445.00 price objective for the company. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday. They set a “buy” rating and a $600.00 price target on the stock. Finally, DA Davidson upped their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Performance

EMCOR Group stock opened at $504.85 on Friday. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38. The company has a market cap of $23.22 billion, a P/E ratio of 25.64 and a beta of 1.07. The firm’s 50-day moving average is $454.82 and its 200-day moving average is $401.69.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.61 earnings per share. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 5.08%.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.